8-KEarnings & ResultsRegulation FDExhibits & Filings

Parker-Hannifin Corp 8-K Report, Financial Results (Jan 20, 2011)

Filed January 20, 2011For Securities:PH

Summary

Parker-Hannifin Corporation (PH) filed an 8-K on January 20, 2011, to report on its financial results for the quarter ended December 31, 2010. The filing primarily serves to disclose the company's earnings announcement via a press release and webcast, both of which are furnished as exhibits. This report is important for investors as it provides a snapshot of the company's recent performance and outlook. The key takeaway for investors is the company's approach to presenting financial data. Parker-Hannifin explicitly mentions adjusting sales growth to exclude the impact of acquisitions and foreign currency fluctuations, and also notes the effect of a discretionary pension plan contribution on its cash flows from operating activities as a percentage of sales. These adjustments are made to offer a more comparable view of operational performance over different periods, which is crucial for understanding underlying business trends.

Key Highlights

  • 1Parker-Hannifin Corporation announced its financial results for the quarter ended December 31, 2010, via a press release and webcast on January 20, 2011.
  • 2The 8-K filing includes the press release (Exhibit 99.1) and webcast presentation (Exhibit 99.2) as supporting documents.
  • 3The company provided context on sales growth by excluding the effects of acquisitions and foreign currency exchange rates, allowing for a clearer view of organic growth.
  • 4Parker-Hannifin highlighted the impact of a discretionary pension plan contribution on its cash flows from operating activities as a percentage of sales.
  • 5These adjustments aim to provide investors with a more comparable basis for evaluating period-to-period changes in sales and cash flow performance.
  • 6The filing is categorized under Item 2.02 (Results of Operations and Financial Condition) and Item 7.01 (Regulation FD Disclosure).

Frequently Asked Questions

The main purpose of this 8-K filing is to publicly disclose Parker-Hannifin Corporation's financial results for the quarter ended December 31, 2010, through an accompanying press release and webcast presentation, in accordance with SEC regulations.

Parker-Hannifin presents its sales growth figures with adjustments to exclude the impact of acquisitions and foreign currency exchange rates. This allows investors to better assess the company's organic sales performance.

The company mentions that a discretionary pension plan contribution had an effect on its cash flows from operating activities as a percentage of sales. This information is provided to ensure a comparable basis for evaluating performance.

The detailed financial results are available in the press release (Exhibit 99.1) and the webcast presentation (Exhibit 99.2) that are filed as part of this 8-K report.